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45-49A-63.84
Section 45-49A-63.84 Direct rollover of certain distributions. (a) Notwithstanding any provision
of the plan to the contrary that would otherwise limit a distributee's election under this
subpart, a distributee may elect, at the time and in the manner prescribed by the board, to
have any portion of an eligible rollover distribution paid directly to an eligible retirement
plan specified by the distributee in a direct rollover. (b) The following definitions apply
to the terms used in this section. (1) An eligible rollover distribution is any distribution
of all or any portion of the balance to the credit of the distributee, except that an eligible
rollover distribution does not include any distribution that is one of a series of substantially
equal periodic payments, not less frequently than annually, made for the life, or life expectancy,
of the distributee or the joint lives, or joint life expectancies, of the distributee and
the distributee's designated beneficiary, or for a specified...
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40-18-75
Section 40-18-75 Statement to be furnished employee. (a) Every person required to deduct and
withhold from an employee a tax under Section 40-18-71 shall furnish to each such employee
in respect of the remuneration paid by such person to such employee during the calendar year,
on or before January 31 of the succeeding year, or, if his employment is terminated before
the close of such calendar year, within 30 days from the day on which the last payment of
remuneration is made, a written statement showing the following: (1) The name of such person;
(2) The name of the employee and his Social Security account number; (3) The total amount
of wages, as defined in Section 40-18-70; (4) The total amount deducted and withheld as tax
under Section 40-18-71. (b) The statement required to be furnished by this section in respect
of any wages shall be furnished at such other times, shall contain such other information
and shall be in such forms as the department may by regulations prescribe. A...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-75.htm - 1K - Match Info - Similar pages
27-30-18
Section 27-30-18 Deposit - Amounts; purpose; kind. (a) Each mutual aid association shall, prior
to issuance of its certificate of authority, deposit and thereafter maintain on deposit with
the Treasurer of the State of Alabama securities of the kind authorized under subsection (d)
of this section, in the amount of not less than $5,000.00. If in any calendar year the gross
premium receipts of the association from business done within this state exceed $50,000.00,
the association shall, not later than the March 30 next following such calendar year, increase
the amount of its deposit so made and maintained in accordance with the following schedule:
Gross premium receipts during calendar year Amount of deposit required More than $50,000 but
less than $150,000 $10,000 Equal to 150,000 but less than 250,000 15,000 Equal to 250,000
but less than 350,000 20,000 Equal to 350,000 but less than 500,000 25,000 Equal to 500,000
but less than 750,000 50,000 Equal to 750,000 but less than 1,000,000...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-30-18.htm - 2K - Match Info - Similar pages
5-2A-22
Section 5-2A-22 Independent audits; minimum standards; advisory committee; report in lieu of
audit. The board of directors of each state bank shall at least once in each calendar year
have an audit made of its books and affairs, including any accounts held in a fiduciary capacity,
by independent auditors approved by the superintendent. These may be separate audits. "Independent
auditors" shall include the audit staff of a correspondent bank or the audit staff of
a bank holding company, or auditors or accountants who are not employees of the bank. The
superintendent shall by regulation establish minimum standards for audits and reports, which
shall include such matters as he shall require. To assist in promulgating minimum standards
for audits and reports, the superintendent shall appoint an advisory committee of no less
than six members. Membership of the committee shall consist of auditors, as qualified in Chapters
1A through 12A of this title, who regularly perform audits in banks...
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41-1-20
Section 41-1-20 Establishment of remittance requirements; applicability; payment procedures.
(a) Any state agency may establish a requirement, within its area of administrative responsibility,
that every person, corporation or partnership, owing, in connection with an individual transaction
consisting of any State of Alabama tax return, fee, report or other document, or any other
obligation of indebtedness to the state, an amount of money, as specified in subsection (b)
shall pay such tax liability, fee, or obligation to the state no later than the date such
payment or remittance of funds is required by law, in funds which are immediately available
to the state on the first banking day following the due date of payment. (b) The determination
as to which persons, corporations or partnerships shall be subject to the remittance provisions
of this article is based on individual payments made during a calendar year, rather than the
aggregate of payments made during a calendar year. Persons,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-1-20.htm - 3K - Match Info - Similar pages
41-10-38
Section 41-10-38 Allocation formulae. (a) The state ceiling for calendar year 1989 and thereafter
is hereby allocated in its entirety to the state, and no other governmental unit, issuer,
or other entity of any type shall have or utilize any portion of the state ceiling for such
year except in accordance with this division. The state ceiling for calendar year 1989 and
thereafter shall be redistributed by the authority to issuers of affected bonds in the chronological
order of receipt of completed applications, subject to the limitations, reservations and further
provisions of this subsection. (1) There is hereby reserved for Alabama Housing Finance Authority
25 percent of the state ceiling for each calendar year, to be used for the issuance of exempt
facility bonds for qualified residential rental projects and for the issuance of qualified
mortgage bonds, in such relative principal amounts as shall be determined by the Board of
Directors of Alabama Housing Finance Authority. The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-38.htm - 6K - Match Info - Similar pages
45-17A-83.10
Section 45-17A-83.10 Electric distribution system. All revenues generated from the sale of
electricity or in any way from the use of the electric distribution system, shall be deposited
in board approved accounts. Payment shall be made to the City of Tuscumbia in accordance with
the terms of the power contract between the Tennessee Valley Authority and the board and/or
City of Tuscumbia then in effect. For the 2006-2007 fiscal year, the power contract requires
payments to the City of Tuscumbia in lieu of taxes based on 4.7 percent of net plant value.
The required payments to the City of Tuscumbia shall be made monthly and adjusted annually
based on the required audit of the electric utility system. (Act 2007-502, p. 1068, ยง11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-17A-83.10.htm - 1K - Match Info - Similar pages
45-8A-22.121
Section 45-8A-22.121 Partial lump sum option. (a) Notwithstanding Section 45-8A-22.120, effective
with respect to distributions before October 1, 2012, a participant may elect to receive a
partial lump sum option whereby the amount of his or her monthly retirement benefit shall
be reduced, in return for the payment to the participant of a lump sum amount, in cash, at
the time his or her monthly pension is first payable. The participant may elect to receive
the lump sum, which is based on the reduced amount of his or her regular monthly benefit,
before any reduction for survivor benefits, for life multiplied by the specified number of
months, as set forth below: Reduction Factor Multiplier 0.91 12 months 0.83 24 months 0.77
36 months 0.71 48 months 0.67 60 months Lump Sum Benefit = Monthly Retirement Benefit X Reduction
Factor X Multiplier The monthly benefit then shall be reduced appropriately for survivor benefit
options. (b) Effective with respect to distributions on and after...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.121.htm - 1K - Match Info - Similar pages
27-29B-3
Section 27-29B-3 Disclosure requirement. (a) Not later than June 1 of each calendar year, an
insurer or the insurance group of which the insurer is a member, shall submit to the commissioner
a Corporate Governance Annual Disclosure that contains the information described in Section
27-29B-5. Notwithstanding any request from the commissioner made pursuant to subsection (c),
if the insurer is a member of an insurance group, the insurer shall submit the report required
by this section to the commissioner of the lead state for the insurance group in accordance
with the laws of the lead state as determined by the procedures outlined in the most recent
Financial Analysis Handbook adopted by the NAIC. (b) The CGAD shall include a signature of
the insurer or insurance group's chief executive officer or corporate secretary attesting
to the best of that individual's belief and knowledge that the insurer has implemented the
corporate governance practices and that a copy of the disclosure has been...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-29B-3.htm - 3K - Match Info - Similar pages
32-7C-23
Section 32-7C-23 Local assessment fees; quarterly reports; distribution of funds; audits. (a)
A TNC shall collect a local assessment fee equal to one percent of the gross trip fare for
all prearranged rides that originate in the state in accordance with this article. (b)(1)
No later than 30 days after the end of each calendar quarter, a TNC shall submit to the commission
all of the following: a. The total local assessment fees collected by a TNC. b. For prearranged
rides that originated within a municipality, a report listing the percentage of the gross
trip fare that originated in each municipality during the reporting period. c. For prearranged
rides that originated outside a municipality, a report listing the percentage of the gross
trip fare that originated in the unincorporated portion of each county during the reporting
period. (2) The TNC shall be responsible for determining whether a prearranged ride originated
within the boundaries of a municipality or originated within the...
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